EU fines AliExpress 550 million euros over illegal product sales
The European Union has issued a 550 million euro fine to online retailer AliExpress for permitting the sale of illegal goods within European markets.
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The European Union announced on Monday that it has fined the online retailer AliExpress 550 million euros. The penalty was issued after the platform was found to be allowing the sale of illegal products across Europe. According to reporting from The Local, the prohibited items identified include various unsafe cosmetics and toys.
The decision follows regulatory concerns regarding the safety standards of goods available to European consumers on the site. AliExpress has not yet released a formal statement regarding the fine or its response to the EU's findings.
Source: The Local. Read the original report ↗
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This brief is based on reporting by The Local.supports: The Local Europe